Lifeway Foods Stock Forecast
Volatile ride for Lifeway Foods stock price on Thursday moving between $21.11 and $24.13
(Updated on May 02, 2024)
The Lifeway Foods stock price gained 15.50% on the last trading day (Thursday, 2nd May 2024), rising from $20.78 to $24.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.31% from a day low at $21.11 to a day high of $24.13. The price has risen in 9 of the last 10 days and is up by 25.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 180 thousand more shares were traded than the day before. In total, 273 thousand shares were bought and sold for approximately $6.56 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 111.09% during the next 3 months and, with a 90% probability hold a price between $37.41 and $54.37 at the end of this 3-month period.
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LWAY Signals & Forecast
The Lifeway Foods stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.86 and $18.69. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -3.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lifeway Foods stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.39 and $20.01. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lifeway Foods finds support just below today's level at $21.39. If this is broken, then the next support from accumulated volume will be at $20.01 and $19.33.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.02 between high and low, or 14.31%. For the last week, the stock has had daily average volatility of 14.28%.
Our recommended stop-loss: $22.82 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (LWAY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Lifeway Foods to open at $23.08, and during the day (based on 14 day Average True Range), to move between $22.12 and $25.88, which gives a possible trading interval of +/-$1.88 (+/-7.83%) up or down from last closing price. If Lifeway Foods takes out the full calculated possible swing range there will be an estimated 15.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.87 (3.63%) than the support at $21.39 (10.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Lifeway Foods stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lifeway Foods stock to perform well in the short-term.
Current score: 2.766 Buy Candidate Unchanged
Predicted Opening Price for Lifeway Foods of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$23.08 ( 3.83%) | $24.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LWAY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.10 | 8.75 % | |
R2 | 24.95 | 3.94 % | ||
R1 | 24.23 | 0.97 % | ||
Current price: | 24.00 | |||
Support | S1 | 21.93 | -8.64 % | |
S2 | 21.21 | -11.61 % | ||
S3 | 20.06 | -16.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 24.87 | 3.63 % | ||
Current price | 24.00 | |||
Support | S1 | 21.39 | -10.88% | |
S2 | 20.01 | -16.63% | ||
S3 | 19.33 | -19.46% |
LWAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2013 | May 29, 2013 | Jun 28, 2013 | $0.0800 | 0.461% |
2 | May 03, 2012 | May 25, 2012 | Jun 29, 2012 | $0.0700 | 0.675% |
FAQ
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